The next chapter of Newcastle’s story is being written at ERA Newcastle. Where coastal breeze meets city buzz, this future-shaping urban village incorporating two iconic towers takes coastal living to the next level. 
 
Set in an unrivalled location in Newcastle’s CBD, ERA offers a fresh perspective on effortless urban living. Neighbouring historic Cooks Hill, and moments from Newcastle’s famous beaches, you’re perfectly placed to live your best life, at your own pace. 
 
Designed by internationally-acclaimed architects FK Australia, each beautifully-appointed and light-filled 1, 2, and 3 bedroom apartment offers comfort and understated luxe in a contemporary coastal palette that blends harmoniously with the stunning outlook. 
 
Experience the next generation of amenity at ERA. Designed with health and well-being at it’s core, ERA's podium level amenity deck features an expansive central pool, gymnasium and fitness studio. When it’s time to take rejuvenation to new heights, head to the rooftop Skygarden’s, each offering all-weather function areas with barbecue facilities, alfresco seating nooks and panoramic views capturing the ocean, harbour, city skyline and Stockton Dunes. 
 
Brought to you award-winning local developer GWH, ERA is a celebration of the quintessential Newcastle lifestyle — contemporary coastal living, a connected community, and the ultimate in convenience.

The next chapter of Newcastle’s story is being written at ERA Newcastle. Where coastal breeze meets city buzz, this future-shaping urban village incorporating two iconic towers takes coastal living to the next level. 
Set in an unrivalled location in Newcastle’s CBD, ERA offers a fresh perspective on effortless urban living. Neighbouring historic Cooks Hill, and moments from Newcastle’s famous beaches, you’re perfectly placed to live your best life, at your own pace. 
Designed by internationally-acclaimed architects FK Australia, each beautifully-appointed and light-filled 1, 2, and 3 bedroom apartment offers comfort and understated luxe in a contemporary coastal palette that blends harmoniously with the stunning outlook. 
Experience the next generation of amenity at ERA. Designed with health and well-being at it’s core, ERA's podium level amenity deck features an expansive central pool, gymnasium and fitness studio. When it’s time to take rejuvenation to new heights, head to the rooftop Skygarden’s, each offering all-weather function areas with barbecue facilities, alfresco seating nooks and panoramic views capturing the ocean, harbour, city skyline and Stockton Dunes. 
Brought to you award-winning local developer GWH, ERA is a celebration of the quintessential Newcastle lifestyle — contemporary coastal living, a connected community, and the ultimate in convenience.

Coastal Apartments with Modern Living in Newcastle West

Nestled in the heart of Newcastle West, ERA Newcastle offers a sophisticated blend of city living with a coastal touch. Featuring spacious one, two, and three-bedroom apartments, this development is designed to cater to diverse lifestyles—from professionals and young families to downsizers and retirees. With light-filled interiors, panoramic views, and premium finishes, each residence is crafted to deliver an exceptional living experience in Newcastle’s thriving urban centre.

Elegant Interiors with Thoughtful Details

ERA Newcastle’s interiors are thoughtfully designed to enhance comfort and style, bringing a sense of calm to each space. Large floor-to-ceiling windows capture stunning city and coastal views, bathing the open-plan living and dining areas in natural light. Each apartment’s spacious balcony invites outdoor entertaining, while expansive living areas allow for relaxation or gathering with friends and family. Bedrooms feature built-in wardrobes with mirrored sliding doors that add a modern, minimalist touch, ensuring plenty of storage while maximising the sense of space. Bathrooms are finished in high-quality materials that promote tranquillity, creating a peaceful retreat within the home.

Resort-Style Amenities for Wellness and Leisure

ERA Newcastle offers an array of onsite amenities, encouraging residents to embrace a balanced lifestyle. A podium-level pool deck, fully-equipped gym, and a serene dry sauna provide spaces to unwind or maintain an active routine. Additionally, all-weather alfresco spaces invite year-round socialising, while two rooftop terraces with panoramic views create memorable gathering spots. With over 2,000 square metres of communal areas, residents enjoy Newcastle’s largest communal space, where sunsets and scenic ocean views are best shared with friends and family.

Prime Location Surrounded by Newcastle’s Best Attractions

Situated near historic Cooks Hill, ERA Newcastle places residents in an ideal location for both convenience and leisure. Daily errands are a breeze, with local cafes, shops, and supermarkets within walking distance. Newcastle Beach is just a short light rail ride away, perfect for an impromptu swim or weekend relaxation. Residents can also enjoy local dining options, such as the Oriental Hotel for casual catch-ups, Welsh Blacks for artisan coffee, or Hao Chi by Lee’s Yum Cha for elevated Cantonese cuisine. Additionally, Newcastle’s renowned recreational offerings—such as Bar Beach, Merewether Beach, and the iconic Nobby’s Lighthouse—are only minutes away by car.

Meet the Visionary Team Behind ERA Newcastle

ERA Newcastle is brought to life by GWH, an esteemed developer known for creating high-quality properties across Newcastle and the Hunter region. With over 25 years of experience and a commitment to design excellence, GWH is renowned for its innovative, sustainable projects. The development’s architecture and interiors are designed by Fender Katsalidis, a firm celebrated for its conscious approach to crafting enduring spaces that reflect the needs and experiences of the people who inhabit them. Supported by the Hunter Construction Group, ERA Newcastle represents a collaboration of local experts dedicated to delivering an exceptional living environment.

Book Your Private Tour of ERA Newcastle

Discover what makes ERA Newcastle a standout in urban living. Enquire via Urban today to arrange your tour and learn more about these stunning residences in Newcastle West.

ERA Newcastle - 124-126 Bull Street, Newcastle West, NSW 2302

Introducing ONE Apartments, a prestigious twin-tower development redefining urban luxury in Newcastle West. Comprising two towers of 22 and 19 stories, this landmark project offers 193 meticulously designed one, two, and three-bedroom apartments with 360° views of Newcastle Harbour, beaches extending to Merewether, and sunsets over Mount Sugarloaf.

<h3>Spacious Interiors with Market-Leading Design Features</h3>

At ONE Apartments, floorplans are typically 20% larger than others on the market. The interiors, bathed in natural light, offer a serene retreat from the hustle and bustle of daily life and provide ample space for comfortable living. Each apartment features free-flowing living spaces that extend onto oversized balconies, which offer captivating views of Newcastle Harbour, Stockton, Merewether and Bar Beaches, and the majestic Watagan Mountains

The modern chef’s kitchens are the heart of these apartments, featuring silicone-free reconstituted stone benchtops and top-of-the-line Italian-made SMEG appliances, which come with an exclusive five-year warranty. Elegant bathrooms, generous work-from-home spaces, and abundant storage solutions ensure that these homes are as functional as they are beautiful.

<h3>Resort-Style Living Experience</h3>

ONE Apartments provides an array of onsite amenities designed to enrich your lifestyle and cultivate a vibrant community atmosphere. Among these amenities are two all-weather rooftop lounges: The Scenic Lounge on the 22nd floor of the South Tower and the Harbourview Lounge on the 19th floor of the North Tower, both offering breathtaking views and spaces for relaxation and socialising. Additionally, the South Tower features The Sunset Room, a bookable function room perfect for hosting events and gatherings.

Stay active and healthy with access to a fully-equipped, resident-only gymnasium and an outdoor heated pool on the fourth floor, surrounded by lush landscaping and sun lounges. For those seeking relaxation, the building includes a private UHD cinema and an exclusive steam room for unwinding after a busy day.

<h3>Prime Location with Vibrant Local Amenities</h3>

ONE Apartments is ideally situated in the vibrant heart of Newcastle West, placing residents within easy reach of a plethora of local amenities. Enjoy the thriving culinary scene with an array of restaurants, cafes, and bars just a short stroll from your doorstep. The nearby Marketown Shopping Centre offers convenient shopping options, while the rich cultural tapestry of Newcastle is at your fingertips, with theatres, galleries, and music venues just minutes away.

Outdoor enthusiasts will appreciate the proximity to Newcastle’s famed beaches, including Newcastle, Susan Gilmore, and Merewether, as well as the picturesque coastal paths and bike trails of the Foreshore Promenade and Bathers Way. Easy access to the Interchange ensures seamless connectivity to the broader region, making travel effortless.

<h3>Crafted by Newcastle’s Leading Developer, GWH</h3>

ONE Apartments is the brainchild of GWH, Newcastle’s foremost independent property builder and developer. With over 27 years of experience and over 600 homes delivered, GWH has a proven track record of delivering high-quality residential and commercial projects. Known for their innovative approach and commitment to excellence, GWH has been recognised with numerous awards, including the Master Builders ‘Apartment Development of the Year’ for their AERO project in 2018 and for their SKY Residences in 2023.

Display Centre at 509 Hunter St, Newcastle, showcases their commitment to quality. Open Monday to Friday from 10 am to 2 pm and Saturday from 10 am to 4 pm, with private appointments available outside these times.

Don’t miss the opportunity to be part of Newcastle’s most exciting new development. Whether you're a Novocastrian or a Sydneysider seeking a luxurious retreat, ONE Apartments offers a unique lifestyle that blends urban sophistication with coastal charm.

Introducing ONE Apartments, a prestigious twin-tower development redefining urban luxury in Newcastle West. Comprising two towers of 22 and 19 stories, this landmark project offers 193 meticulously designed one, two, and three-bedroom apartments with 360° views of Newcastle Harbour, beaches extending to Merewether, and sunsets over Mount Sugarloaf.

<h3>Spacious Interiors with Market-Leading Design Features</h3>

At ONE Apartments, floorplans are typically 20% larger than others on the market. The interiors, bathed in natural light, offer a serene retreat from the hustle and bustle of daily life and provide ample space for comfortable living. Each apartment features free-flowing living spaces that extend onto oversized balconies, which offer captivating views of Newcastle Harbour, Stockton, Merewether and Bar Beaches, and the majestic Watagan Mountains

The modern chef’s kitchens are the heart of these apartments, featuring silicone-free reconstituted stone benchtops and top-of-the-line Italian-made SMEG appliances, which come with an exclusive five-year warranty. Elegant bathrooms, generous work-from-home spaces, and abundant storage solutions ensure that these homes are as functional as they are beautiful.

<h3>Resort-Style Living Experience</h3>

ONE Apartments provides an array of onsite amenities designed to enrich your lifestyle and cultivate a vibrant community atmosphere. Among these amenities are two all-weather rooftop lounges: The Scenic Lounge on the 22nd floor of the South Tower and the Harbourview Lounge on the 19th floor of the North Tower, both offering breathtaking views and spaces for relaxation and socialising. Additionally, the South Tower features The Sunset Room, a bookable function room perfect for hosting events and gatherings.

Stay active and healthy with access to a fully-equipped, resident-only gymnasium and an outdoor heated pool on the fourth floor, surrounded by lush landscaping and sun lounges. For those seeking relaxation, the building includes a private UHD cinema and an exclusive steam room for unwinding after a busy day.

<h3>Prime Location with Vibrant Local Amenities</h3>

ONE Apartments is ideally situated in the vibrant heart of Newcastle West, placing residents within easy reach of a plethora of local amenities. Enjoy the thriving culinary scene with an array of restaurants, cafes, and bars just a short stroll from your doorstep. The nearby Marketown Shopping Centre offers convenient shopping options, while the rich cultural tapestry of Newcastle is at your fingertips, with theatres, galleries, and music venues just minutes away.

Outdoor enthusiasts will appreciate the proximity to Newcastle’s famed beaches, including Newcastle, Susan Gilmore, and Merewether, as well as the picturesque coastal paths and bike trails of the Foreshore Promenade and Bathers Way. Easy access to the Interchange ensures seamless connectivity to the broader region, making travel effortless.

<h3>Crafted by Newcastle’s Leading Developer, GWH</h3>

ONE Apartments is the brainchild of GWH, Newcastle’s foremost independent property builder and developer. With over 27 years of experience and over 600 homes delivered, GWH has a proven track record of delivering high-quality residential and commercial projects. Known for their innovative approach and commitment to excellence, GWH has been recognised with numerous awards, including the Master Builders ‘Apartment Development of the Year’ for their AERO project in 2018 and for their SKY Residences in 2023.

Display Centre at 509 Hunter St, Newcastle, showcases their commitment to quality. Open Monday to Friday from 10 am to 2 pm and Saturday from 10 am to 4 pm, with private appointments available outside these times.

Don’t miss the opportunity to be part of Newcastle’s most exciting new development. Whether you're a Novocastrian or a Sydneysider seeking a luxurious retreat, ONE Apartments offers a unique lifestyle that blends urban sophistication with coastal charm.

ONE Apartments redefines urban luxury in Newcastle West with a prestigious twin-tower development featuring 193 spacious one, two, and three-bedroom apartments spread across 22 and 19 stories. Each apartment boasts typically 20% larger floorplans than local offerings, showcasing market-leading design with modern chef's kitchens, expansive living spaces, and oversized balconies that offer stunning 360° views of Newcastle Harbour, beaches, and Mount Sugarloaf. Residents enjoy resort-style amenities, including rooftop lounges, a private cinema, a heated pool, and a fully-equipped gymnasium. Located in the heart of Newcastle West, ONE Apartments provides easy access to local dining, shopping, cultural venues, and beaches, while offering seamless connectivity through the nearby Interchange. Developed by GWH, known for their award-winning projects, this development promises a blend of urban sophistication and coastal charm, making it an unparalleled living experience in Newcastle.

ONE Apartments, Newcastle West - 1 National Park Street, Newcastle West

Element Apartments - 8 Denison Street, Newcastle West

Highpoint - 2 Charles Street, Charlestown

Greenside Port Stephens - 118 Soldiers Point Road, Soldiers Point

Aero - 766-770 Hunter Street, Newcastle West

The Millhorn - 5-11 Wickham Street, Wickham

Centrale - 65-75 Brunker Road, Broadmeadow

<ul>
	<li>Uninterrupted 360-degree panoramic rooftop vistas.</li>
	<li>Affordable luxury city living in th&rsquo;s Civic Cultural Precinct.</li>
	<li>Stunning amenities.</li>
</ul>

Discover Sky Residences at 509 Hunter Street, Newcastle. Newcastle&rsquo;s newest skyline tower is 2km from Newcastle Beach, and being in the CBD allows you to be in the heart of the vivid life, world-class culinary, festival, and arts scene. Sky Residences Newcastle is near shopping, parks, world-class university campuses, transport, entertainments, and all the other amenities you would ever need.

These 180 meticulously planned, contemporary residences in Newcastle are beautifully designed, light-filled homes. Sky Residences, Newcastle is a luxurious offering. Every detail ensures luxury city living at an affordable price. There are substantial SKY Homes to spacious one, two and three-bedroom SKY Apartments.&nbsp;

Homes at Sky Residences feature modern bathrooms, separate laundry, linen cupboards and generous wardrobes and storage, as well as premium Smeg appliances. Sky apartments have light or dark finishes, and choice of upgrade packages.

Every SKY Residence comes with ducted reverse cycle air conditioning, a voice intercom system, security swipe card access to the lobby and lifts and car park remotes. Ready to plug in and connect, they&rsquo;re also NBN Ready and FOXTEL prepared.

The amenities at Sky Residences are carefully curated for your enjoyment. There are magnificent uninterrupted 360-degree panoramic vistas from the indoor/outdoor rooftop entertainment area.

Sky Residences, Newcastle also has:

<ul>
	<li>Modern barbeque and dining facilities</li>
	<li>Sofas and fireplace</li>
	<li>Equipped bar</li>
	<li>Heated outdoor pool</li>
	<li>Fully-equipped gym and fitness centre</li>
	<li>Exquisitely landscaped garden terrace retreat</li>
</ul>

Consider Sky Residences, Newcastle for opulent city living.

<ul><li>Uninterrupted 360-degree panoramic rooftop vistas.</li>
	<li>Affordable luxury city living in th’s Civic Cultural Precinct.</li>
	<li>Stunning amenities.</li>
</ul>Discover Sky Residences at 509 Hunter Street, Newcastle. Newcastle’s newest skyline tower is 2km from Newcastle Beach, and being in the CBD allows you to be in the heart of the vivid life, world-class culinary, festival, and arts scene. Sky Residences Newcastle is near shopping, parks, world-class university campuses, transport, entertainments, and all the other amenities you would ever need.

These 180 meticulously planned, contemporary residences in Newcastle are beautifully designed, light-filled homes. Sky Residences, Newcastle is a luxurious offering. Every detail ensures luxury city living at an affordable price. There are substantial SKY Homes to spacious one, two and three-bedroom SKY Apartments. 

Homes at Sky Residences feature modern bathrooms, separate laundry, linen cupboards and generous wardrobes and storage, as well as premium Smeg appliances. Sky apartments have light or dark finishes, and choice of upgrade packages.

Every SKY Residence comes with ducted reverse cycle air conditioning, a voice intercom system, security swipe card access to the lobby and lifts and car park remotes. Ready to plug in and connect, they’re also NBN Ready and FOXTEL prepared.

The amenities at Sky Residences are carefully curated for your enjoyment. There are magnificent uninterrupted 360-degree panoramic vistas from the indoor/outdoor rooftop entertainment area.

Sky Residences, Newcastle also has:

<ul><li>Modern barbeque and dining facilities</li>
	<li>Sofas and fireplace</li>
	<li>Equipped bar</li>
	<li>Heated outdoor pool</li>
	<li>Fully-equipped gym and fitness centre</li>
	<li>Exquisitely landscaped garden terrace retreat</li>
</ul>Consider Sky Residences, Newcastle for opulent city living.

Sky Residences - 509 Hunter Street, Newcastle

SOHO Central - 11 Fern Street, Islington

4 Merewether Street, Newcastle

121Elder - 121 Elder Street, Lambton

Downsizers and rightsizers have dominated the new and off the plan apartment market in 2024.

The two camps, downsizers in particular, are the least impacted by the continued high interest rates compared to a first home buyer or investor, positioning them as a key target for developers. Most of the new apartment developments that have come to the market in 2024 have been large apartments that suit the size and budgets of a downsizer.

Many downsizers have built significant equity in their family homes over the years and are now looking to move into more manageable living spaces, while also securing funds for retirement.

But where are downsizers and rightsizers looking to buy?&nbsp;

In this article, we've looked at the most popular suburbs in Sydney for both buyer demographics, highlighting some of the most popular developments in those areas.

<h2>Crows Nest</h2>

<a href="https://www.urban.com.au/developments/crows-nest-nsw-2065">Crows Nest</a> has attracted a wide range of apartment buyers over the past three months, especially following the launch of two of Sydney's most in-demand developments near, and above, the newly opened Metro station.

Apartments in <a href="https://www.urban.com.au/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate Hume Place</a>, the apartment development by&nbsp;<a href="https://www.urban.com.au/developers/thirdi-group">Third.i</a>&nbsp;and joint venture partner Phoenix Property Investors above the Crows Nest Metro Station, have been snapped up since they hit the market.

[smartcode_project:default project_id=142550 project_image_fid=309371]

Designed by <a href="https://www.urban.com.au/architects/woods-bagot">Woods Bagot</a>, Elevate will comprise 130 one, two and three and four-bedroom apartments, the larger apartments proving popular with the next home buyer demographic given the connectivity to the city and the growing lifestyle on offer locally.

<a href="https://www.urban.com.au/developers/twt-property-group">TWT Property Group</a>&nbsp;also has recently revealed&nbsp;<a href="https://www.urban.com.au/new-apartments/the-collective-crows-nest-23-35-atchison-st-crows-nest">The Collective</a>&nbsp;nearby, on the fringe of Crows Nest village and a short walk from the metro.

[smartcode_project:default project_id=94318 project_image_fid=293324]

Locals have driven the sales in the first building of what will be a multi-stage precinct with extensive retail and hospitality spaces.

<h2>Newcastle West</h2>

<a href="https://www.urban.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a> has grown in stature over the last few years, particularly with those who live in the wider Newcastle region who want to downsize to a brand new apartment closer to the city.

The most recent demand from downsizers and rightsizers has been toward the recently launched&nbsp;<a href="https://www.urban.com.au/new-apartments/era-newcastle-124-126-bull-street-newcastle-west-nsw-2302">ERA by GWH</a>, designed by FK Australia for the owner-occupier.

[smartcode_project:default project_id=135096 project_image_fid=309968]

The apartments, wrapped in glass to bring in as much natural light as possible, include premium fixtures and finishes, kitchen islands to offer another entertaining option in the kitchen, and large balconies.

There will be over 2,000 sqm of communal space across the two buildings, connected by a&nbsp;podium will feature a large outdoor pool, gym, fitness studio, and sauna, as well as several barbecue and dining areas.

[smartcode_project:default project_id=135096 project_image_fid=309976]

Each building will have a rooftop garden with panoramic views.

<h2>Castle Hill</h2>

After decades of limited supply for downsizers apartment from smaller family homes, Castle Hill is starting to see a new tranche of apartments that are being snapped up by downsizers.

&nbsp;

Developer <a href="https://www.urban.com.au/developers/cpdm">CPDM</a>&nbsp;has targeted the rightsizer, downsizer demographic at <a href="https://www.urban.com.au/new-townhouses/larool-crescent-castle-hill-2-22-larool-crescent-castle-hill-nsw-2154">Larool Crescent</a>, one of the only new developments to launch in Castle Hill in 2024.

[smartcode_project:default project_id=135330 project_image_fid=289121]

They have large apartments, skyhomes with rooftop terraces, and low-maintenace townhouses with internal lifts, that cater for the two buyer types.

The five low-rise buildings, a rarity in Castle Hill, have been designed around a central courtyard, bringing nature through landscaping into the apartments.

[smartcode_project:default project_id=135330 project_image_fid=308975]

Larool Crescent is also the only off the plan apartment development to have Latent Defects Insurance, the sought-after insurance policy that protects buyers against any structural defects for 10 years post completion of the building.

&nbsp;

<h2>Norwest</h2>

<a href="https://www.urban.com.au/developments/norwest-nsw-2153">Norwest</a> was only established as a suburb in 2018 of the Hills District. It's another that's been popular with those who have lived in the Hills and don't want to leave the region to downsize.

<a href="https://www.urban.com.au/developers/sekisui-house-australia">Sekisui House&nbsp;Australia</a>&nbsp;have been one of the most prominent developers in Norwest since securing an 8.1-hectare site back in 2016 when the land was classed as being in Baulkham Hills.

Since then they've been developing their large masterplan, The Orchards, near Norwest Metro Station.

[smartcode_project:default project_id=145924 project_image_fid=287366]

Downsizers have been the most prominent buyer type at the latest stages, Veue.

Veue, the fourth stage of The Orchards, offers 577 apartments,&nbsp;nearly half of the total apartments that will make up the masterplan.

<a href="https://www.urban.com.au/new-apartments/the-orchards-veue-parkside-norwest-15-19-spurway-drive-norwest-nsw-2153">Veue Parkside</a>, the most recent release, will comprise 156 apartments across two buildings.

[smartcode_project:default project_id=145924 project_image_fid=287364]

Sekisui will be continuing to cater for downsizers in its penultimate stage, 209 apartments across two 12 and nine-level buildings designed by Rothelowman. A third building will home communal amenity.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/first-look-exclusive-sekisui-reveal-final-stage-of-1-billion-norwest-masterplan-the-orchards">First look exclusive: Sekisui reveal final stage of $1 billion Norwest masterplan, The Orchards</a>

<h2>Box Hill</h2>

Box Hill is another suburb which in recent years hasn't really had enough options for downsizers.

That's why local developer&nbsp;Kellarney Developments focused its new apartment development,&nbsp;<a href="https://www.urban.com.au/new-apartments/killarney-ponds-box-hill-4-alan-street-box-hill">Killarney Ponds</a>, around the rightsizer and downsizer.

Located just outside the emerging Box Hill Town Centre, Killarney Ponds will have 93 two and three-bedroom apartments that will complete in early 2025.

[smartcode_project:default project_id=22636 project_image_fid=297513]

The three-bedroom apartments offer 115 sqm of internal living space and a priced under $1 million.

Comparable Box Hill apartment developments also don't offer the same level of amenity as Killarney Ponds, which will offer a multi-purpose room, a fully-equipped gym, a&nbsp;work-from-home centre with integrated desks and meeting rooms, as well as several outdoor spaces with alfresco and picnic areas.

In this article, we've looked at the most popular suburbs in Sydney for both buyer demographics, highlighting some of the most popular developments in those areas

Joel Robinson

The most popular Sydney suburbs for downsizers and rightsizers in 2024

Unit values in <a href="https://www.urban.com.au/developments/sydney-nsw">Sydney</a> have remained resilient, while the house segment of the market continues to show signs of weakness.

CoreLogic's Monthly Index revealed that unit values rose by 0.2 per cent in November and 0.4 per cent over the past three months, while house values contracted by -0.4 per cent in November and are down -0.8 per cent over the past quarter.

Sydney’s median unit value is now $865,000, reflecting a 2.5 per cent increase since the start of the year.

Houses are facing greater challenges, driven by tighter lending conditions resulting from the Reserve Bank's decision to maintain interest rates, alongside ongoing affordability issues in a market that has shown considerable strength in recent years.

The volume of available listings has contributed to the market's rebalancing, with Sydney’s listings now 10.4 per cent above the five-year average—the highest for this time of year since 2018.

<h2>What happened in Sydney’s off the plan apartment market in November?</h2>

Enquiry levels in November were the highest they’ve been since April, with demand increasing across all regions from Castle Hill to Newcastle and everywhere in between.

The upswing in enquiry was largely driven by the downsizer/rightsizer market, which has been less affected by high interest rates compared to other market segments.

The Eastern Suburbs, in particular, saw a significant rise in demand from both downsizers/rightsizers and investors, spurred by two prominent projects from one of Sydney’s leading builder-developers.

<a href="https://www.urban.com.au/developers/toga-group">TOGA</a> recently completed Surry Hills Village, a redevelopment of the former "murder mall" on the border of Surry Hills and Redfern.

[smartcode_project:default project_id=9302 project_image_fid=306319]

It only took a few weeks for them to sell the final penthouse, which achieved a near-suburb record price after expressions of interest were sought at around $7.5 million.

<a href="https://www.urban.com.au/architects/sjb-architects">SJB</a> Director Adam Haddow drew inspiration from his award-winning Redfern residence when designing the three-bedroom penthouses at <a href="https://www.urban.com.au/buildings/surry-hills-village-redfern-6-14-baptist-street-redfern-nsw-2016">Surry Hills Village</a>.

A limited number of apartments remain for sale in the landmark mixed-use development, which also includes hospitality venues and retail spaces in Wunderlich Lane.

[smartcode_project:default project_id=9302 project_image_fid=313542]

TOGA’s <a href="https://www.urban.com.au/new-apartments/the-kensington-137-151-anzac-parade-kensington">The Kensington</a>, a different yet equally appealing development on Anzac Parade, has been attracting interest from all buyer types in recent months.

Located directly outside a light rail stop and within walking distance of the Prince of Wales Hospital, the University of New South Wales, and Centennial Park, The Kensington has proven especially attractive to both first home buyers and investors.

The development features 142 one, two and three-bedroom apartments currently under construction by 4.5-Star iCIRT rated builder <a href="https://www.urban.com.au/builders/dasco-australia">DASCO</a>, and will sit above seven retail spaces—an element TOGA consistently incorporates into its projects.

[smartcode_project:default project_id=110959 project_image_fid=307645]

TOGA has also just broken ground on <a href="https://www.urban.com.au/new-apartments/macquarie-rise-122-herring-road-macquarie-park">Macquarie Rise</a>, its fourth development in <a href="https://www.urban.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a>. This project will feature three residential towers with a total of 268 apartments. Over 100 units have already been sold.

The $400 million development, designed by <a href="https://www.urban.com.au/interior-designers/turner-studio">Turner Studio</a>, will offer flexible living spaces and lifestyle amenities, including a 20-metre lap pool, a Pilates studio, and a cinema room.

[smartcode_project:default project_id=89243 project_image_fid=242700]

November also saw the unveiling of the Sydney Olympic Park Master Plan 2050, which aims to transform the precinct into a vibrant urban community.

The plan proposes the construction of up to 13,000 new homes, including affordable housing, as well as cultural, recreational, and green spaces.

<img alt="Inside the Sydney Olympic Park Master Plan 2050" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/1730068339168.jpg?VersionId=k1DAC2irCX3vAbZgVt7ibYYHDtma7Brw" />

Key precincts, such as the Urban Centre, are set to integrate residential, commercial, and cultural facilities, while environmental conservation efforts also aim to enhance urban greening and sustainability.&nbsp;

As far as looking ahead goes, <a href="https://www.urban.com.au/developers/charter-hall">Charter Hall</a> unveiled plans for a near-$1 billion mixed-use tower at&nbsp;201-217 Elizabeth Street in the CBD.&nbsp;&nbsp;

<img alt="Sydney skyline transformation to continue as Charter Hall pitch near-$1 billion skyscraper" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/201%20-%20217%20Elizabeth%20Street%2C%20Sydney%20podium.png?VersionId=lUg5UW5EJFhvvc7kGotbds2rJZPmUQeW" />

The 55-level skyscraper will feature a combination of hotel accommodations and 264 apartments, ranging from one to four bedrooms, alongside retail and hospitality spaces.&nbsp;

Designed by <a href="https://www.urban.com.au/architects/fjc-studio">fjc studio</a>, the tower aims for exemplary sustainability benchmarks and offers sweeping views of Hyde Park and Sydney Harbour.

Staying in the CBD,&nbsp;Signapore-listed First Sponsor Group and joint venture partner <a href="https://www.urban.com.au/developers/icd-property">ICD Property</a> revealed the first look of their redevelopment of the 130-year-old, state heritage-listed City Tattersall Club building on Pitt Street.

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The 241 premium apartments will hit the market in 2025 with CBRE.

<a href="https://www.urban.com.au/architects/bvn-architecture">BVN Architecture</a> won the design competition to create the new development, dubbed Sydney House, handling both the tower and the interiors. FJC Studio led the design of the heritage podium.

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Given the short supply of new apartments in Sydney, projects in the city tend to outperform the majority of other markets.

<a href="https://www.urban.com.au/developers/mirvac">Mirvac</a> smashed records for its first release of its luxury <a href="https://www.urban.com.au/new-apartments/harbourside-by-mirvac-2-10-darling-drive-darling-harbour">Harbourside Residences</a> in Darling Harbour. Their $600 million worth of pre-sales was the highest they've achieved in their 50+ year history.

Over 140 apartments have been conditionally sold to local buyers with sold prices ranging from just over $1.7 million to $25 million.

The sales launch for the 48-level luxury residential tower, a redevelopment of the former Harbourside shopping centre, saw a strong response from a diverse range of buyers including downsizers, families and couples from the local market, including the inner west, northwest, eastern suburbs, and north shore of Sydney. There were also some interstate buyers.

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New projects on the Sydney Metro line continue to do well.

<a href="https://www.urban.com.au/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate Hume Place</a>, the apartments above the Crows Nest Station being developed by Third.i and Phoenix Property Investors saw a successful launch.

Designed by Woods Bagot,&nbsp;<a href="https://www.urban.com.au/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate Hume Place</a>&nbsp;comprises&nbsp;130 one, two, and three-bedroom apartments.

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<a href="https://www.urban.com.au/developers/thirdi-group">Third.i</a> Co-Founder Luke Berry said the unprecedented demand and strong interest not only reflects the quality of the apartments, but also the increasing demand for convenient, transit-oriented living in Sydney's dynamic real estate market.

“We are thrilled with the strong sales results at launch for Elevate Hume Place, this achievement highlights the growing appetite for contemporary living that prioritises accessibility and connectivity,” Berry said.

“The design, amenities, demographic, and prime location of Elevate Hume Place have attracted a diverse range of local and international buyers, from young professionals and first home buyers to investors and downsizers, all seeking the perfect blend of urban convenience and community charm.”

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<a href="https://www.urban.com.au/developments/castle-hill-nsw-2154">Castle Hill</a> has also ramped up another notch since the metro opened.

Developer <a href="https://www.urban.com.au/developers/ellipse-property-group">Ellipse Property</a> has the largest development in the area, just across the road from the newly opened Hills Showground Precinct station.

Ellipse recently put shovel to ground on <a href="https://www.urban.com.au/new-apartments/atrium-at-carrington-place-40-42-ashford-avenue-castle-hill">Atrium</a>, the first stage of Carrington Place which is over 50 per cent sold.

<a href="https://www.urban.com.au/builders/decode">Decode</a>, another iCIRT rated builder, is constructing Atrium, part of the wider $750 million masterplan that borders the Cattai Creek. Carrington Place will comprise five stages that, when complete in 2032, will have over 800 homes. Atrium is set to complete in late 2025.

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Outside of the Sydney Metro area, <a href="https://www.urban.com.au/developers/gwh">GWH</a>, Newcastle's only builder-developer, launched its latest development.

<a href="https://www.urban.com.au/new-apartments/era-newcastle-124-126-bull-street-newcastle-west-nsw-2302">ERA by Newcastle</a>, two towers designed by <a href="https://www.urban.com.au/architects/fender-katsalidis-architects">FK Australia</a>, will comprise 281 apartments and over 2,000 sqm of resident amenities, aiming to cater to a wide range of buyers, including downsizers and first-home buyers.

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ERA is expected to cater to different buyer groups, from first home buyers and investors from Sydney to local downsizers who want a low maintenance, city-centric lifestyle while also being ideally located just a few kilometres from Newcastle’s famous beaches.

City Beat November 2024: Sydney unit values rise while house values decline as market softens

Renowned local Newcastle builder-developer, GWH, is continuing to transform the city skyline.

<a href="https://www.urban.com.au/developers/gwh">GWH</a>, approaching their 30th year anniversary of delivering quality buildings to the Newcastle region, has launched <a href="https://www.urban.com.au/new-apartments/era-newcastle-124-126-bull-street-newcastle-west-nsw-2302">ERA Newcastle</a>, two apartment towers just a few streets back from the Hunter River, its harbourside hospitality precinct, and the heart of the burgeoning city.

[smartcode_project:default project_id=135096 project_image_fid=309966]

ERA Newcastle will comprise 281 one, two and three-bedroom apartments that will cater to different buyer groups, from first home buyers and investors from Sydney to local downsizers who want a low maintenance, city-centric lifestyle while also being ideally located just a few kilometres from Newcastle’s famous beaches.

In a major coup for <a href="https://www.urban.com.au/developments/newcastle-west-nsw-2302">Newcastle</a> and its residents, GWH had respected architecture firm FK Australia design the two towers, the first buildings in Newcastle designed by the studio who has produced a string of award-winning developments across Melbourne, including Australia’s tallest residential tower, Australia 108.

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FK Australia has designed the building so the living spaces are wrapped in floor-to-ceiling glass windows, windows that almost replace walls. They wanted to to maximise views and also let in as much natural light as possible.&nbsp;

Much like GWH’s past developments, there was a conscious effort to offer significant resident amenity. They have over 2,000 sqm of communal space across the two buildings, connected by a podium which will feature a large outdoor pool, gym, fitness studio, and sauna, as well as several barbecue and dining areas.

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There will be a rooftop skygarden atop each tower, capturing uninterrupted views of the ocean, harbour, and city.

GWH is expecting to put shovel in the ground on the large 6,500 sqm Bull Street site in the coming months, and anticipates a completion toward the end of 2027.

<h2>About the developer</h2>

GWH was founded in 1995 by Grahame Chevalley and Hilton Grugeon and predominantly focused their efforts in the commercial and industrial development before moving into residential development in 2017. Since then they’ve delivered over 600 new homes to the Newcastle region, won several Master Builders Awards, and recently secured its iCIRT rating for a second consecutive year.&nbsp;

GWH is one of few development companies across New South Wales who has its own construction arm, a huge advantage in the off the plan apartment market. It allows them to manage the whole process of the development and guarantee its build quality.&nbsp;

The GWH team is currently delivering <a href="https://www.urban.com.au/new-apartments/one-apartments-newcastle-west-1-national-park-street-newcastle-west">ONE Apartments</a>, just 650 metres from ERA Newcastle. They’ll be completing that two-tower development late next year.&nbsp;&nbsp;

Previously GWH has completed Sky Residences, a trio of interconnected buildings literally 100m from the front door of ERA. That won the 2023 Excellence in Building Award from Master Builders Australia.

[smartcode_project_cta:default project_id=135096]

GWH is expecting to put shovel in the ground on the large 6,500 sqm Bull Street site in the coming months, and anticipates a completion toward the end of 2027.

GWH launches ERA Newcastle apartment development

Purchasing off the plan can often feel like a confidence challenge; however, once you’ve done it once, the process becomes much easier.

Many buyers find themselves returning to secure apartments in new developments by the same developer, given assurances they've delivered quality before, and, in a lot of cases around the country, price growth on the initial purchase.

This is precisely the case in <a href="https://www.urban.com.au/developments/newcastle-west-nsw-2302">Newcastle</a>, where Neil Owens recently purchased an apartment at ONE Apartments, the new two-tower project by local builder-developer GWH. It marked Neil's second purchase with GWH. He bought off the plan in SKY Residences, just 650 metres down the road.

"I have firsthand experience with the developer's quality, and I believe that, like any reputable developer, they will always strive to make each new building even better," Neil said

[smartcode_project:default project_id=24247 project_image_fid=281109]

Neil has been living on the top level of Sky since its completion in 2022.&nbsp;

"It's an amazing apartment," Neil says.&nbsp;

"That was my downsize from my house in the area. I was seeking to scale back work commitments and slow life down, and buying an apartment was part of that."

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Neil's purchases with GWH were driven by what he wanted to do for his daughter.

"I wanted to buy something new for my daughter that nobody had lived in," Neil said.

Neil secured one of the few two-level, two-bedroom apartments in ONE Apartments, which he intends to move into.

[smartcode_project:default project_id=24247 project_image_fid=281097]

Going back six years, Neil was looking to downsize locally. He had been looking around Newcastle's centre, but it was a chance meeting after a football coaching camp that paved the way for the start of Neil and GWH's relationship.

Neil scheduled an appointment to go and see SKY Residences after the weekend, a weekend when he was training to become a football coach. When he visited the display on the Monday, he was welcomed by a familiar face.

That was GWH Sales Director Peter Kunov, who had been at the same football coaching training at the weekend.&nbsp;

"It was a chance encounter but it immediately put me at ease that I was talking to someone that was part of the local community," Neil recalled, admitting that he was a little out of his depth.

"I'd never bought off the plan before, and I hadn't lived in an apartment since I was young. But at the time, GWH was building several developments around the area, and SKY was 75 per cent complete, it wasn't just a hole in the ground. That helped me make my decision, and I'm glad I was patient and waited the six months or so for completion and move-in, rather than buy something that would be more short-term thinking."

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Neil had looked at some apartments down on the foreshore, but he said the quality "just wasn't there."

His downsizing plans to a secure apartment will allow him the lock-up-and-leave lifestyle downsizers often seek.

<a href="https://www.urban.com.au/new-apartments/one-apartments-newcastle-west-1-national-park-street-newcastle-west">ONE Apartments</a> is the latest Newcastle apartment project by reputable builder-developer <a href="https://www.urban.com.au/developers/gwh">GWH</a>, a company synonymous with development in Newcastle since its inception in 1995.

The two 22 and 19-level towers designed by <a href="https://www.urban.com.au/architects/marchese-partners">Marchese Partners</a> are connected by a four-level podium that will home a commercial space and will be crowned with an outdoor pool.

There are further facilities throughout the building, like a cinema, gym, sauna, bookable private function room, and two rooftop entertainment areas. The Scenic Lounge is located on the 22nd floor of the South Tower, and the Harbourview Lounge is atop the 19th floor of the North Tower.

[smartcode_project:default project_id=24247 project_image_fid=281103]

Over half of the 193 apartments in ONE Apartments have sold, mostly to locals.

GWH's in-house construction arm is on track to complete the two buildings at the end of 2025.

Neil took part in Urban's Buyer Q&amp;A series which focuses on the driving factors behind&nbsp;<a href="https://www.urban.com.au/guides/the-ultimate-off-the-plan-guide-5-property-experts-share-advice-for-buying-a-new-apartment-or-townhome" target="">buying off the plan</a>&nbsp;property in Australia

[smartcode_project_cta:default project_id=24247]

Neil took part in Urban's Buyer Q&A series which focuses on the driving factors behind buying off the plan property in Australia

Second time's a charm as off the plan buyer secures another apartment with GWH in Newcastle: Urban Buyer Q&A

In the heart of <a href="https://www.urban.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>, iCIRT-rated developer <a href="https://www.urban.com.au/developers/gwh">GWH</a> is crafting a new architectural icon, ONE Apartments on National Park Street.

The under-construction development offers expansive floor plans that are 20 per cent larger than the local market average, catering to a diverse range of homeowners.

Designed by the renowned <a href="https://www.urban.com.au/architects/marchese-partners">Marchese Partners</a> in collaboration with local firm CKDS, <a href="https://www.urban.com.au/new-apartments/one-apartments-newcastle-west-1-national-park-street-newcastle-west">ONE Apartments</a> consists of two towers, rising 22 and 19 levels, and connected by a four-level podium housing commercial spaces.&nbsp;

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With construction underway at ONE Apartments, we visited the onsite display suite on One National Park Street and spoke to&nbsp;GWH's Peter Kunov and George Araujo to find out more about the development.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/Auz9mk1aIhw?si=dEkXpV64j62wFaS1" title="YouTube video player" width="560"></iframe>

ONE Apartments&nbsp;will feature 193 one, two, and three-bedroom apartments, each offering open-plan living areas that extend to private winter gardens. These spaces provide residents with stunning views of Newcastle Harbour, Stockton, Merewether, and the Watagan Mountains.

Future residents will have the option to choose between light and dark colour palettes, featuring natural, earthy tones. The interiors are designed with premium finishes, and the kitchens are equipped with top-of-the-range Smeg appliances, blending style and functionality.

Residents will enjoy access to an outdoor heated pool, a state-of-the-art gym, a sauna, a private Ultra HD cinema, and a bookable private function room.&nbsp;

[smartcode_project:default project_id=24247 project_image_fid=281101]

The development also boasts two all-weather rooftop entertainment areas: the Scenic Lounge on the 22nd floor of the South Tower and the Harbourview Lounge atop the 19th floor of the North Tower. These spaces provide 360-degree views of Newcastle, perfect for hosting gatherings or relaxing.

ONE Apartments is within walking distance from Darby Street eateries, parks, the Civic Theatre, Newcastle Interchange, the Honeysuckle foreshore precinct, and various retail stores.

[smartcode_project_cta:default project_id=24247]

Inside ONE Apartments, Newcastle's newest apartment development: Urban's display suit tour

Longstanding and respected Newcastle builder developer, GWH, is giving buyers more bang for their buck compared to any other apartment project in Newcastle.

The <a href="https://www.urban.com.au/developers/gwh">iCIRT-rated developer</a> is offering floorplans some 20 per cent larger than others on the local market at their under-construction tower ONE Apartments, located in the heart of the <a href="https://www.urban.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a> on National Park Street, on the doorstep of Marketown and the Newcastle Interchange.

The 22 and 19-level buildings designed by&nbsp;<a href="https://www.urban.com.au/architects/marchese-partners">Marchese Partners</a>, connected by a four-level podium that will home commercial space, will comprise 193 one, two and three-bedroom apartments.

[smartcode_project:default project_id=24247 project_image_fid=281094]

Over 50 per cent of the apartments have already been snapped up, with construction well on track for a late 2025 completion. Nearly all of the one-bedroom apartments are accounted for.

The&nbsp;apartments feature open-plan living areas extending to private winter gardens offering views of Newcastle Harbour, Stockton, Merewether, and the Watagan Mountains.

GWH Managing Director, Jonothan Craig, says ONE Apartments offer spacious open plan living at its finest.

"Luxurious quality, wellness, security, convenience – ONE showcases GWH’s significant research into the elements our residents most desire for a beautiful, enduring quality of life," Craig says.

[smartcode_project:default project_id=24247 project_image_fid=281096]

The kitchens are equipped with SMEG appliances and soft-touch cabinetry, centred around a breakfast bar designed for ease of entertaining, while the master&nbsp;bedrooms come with built-in or walk-in robes, bathrooms with natural stone tiling, and premium tapware, ensuring ample storage and natural light.

Homeowners can choose between natural, earthy tones in light and dark colour palettes.&nbsp;

Each apartment is also fully wired with fibre-to-premises NBN, Pay TV, wireless access points, and the option to upgrade to the Clipsal Wiser™ Smart Home system, allowing residents to control home features via a single app.

[smartcode_project:default project_id=24247 project_image_fid=281099]

Residents at ONE Apartments will have access to exclusive amenities, including an outdoor pool, cinema, gym, sauna, a bookable private function room, and two rooftop entertainment areas.&nbsp;

The Scenic Lounge is located on the 22nd floor of the South Tower, and the Harbourview Lounge is atop the 19th floor of the North Tower.

[smartcode_project:default project_id=24247 project_image_fid=281103]

ONE Apartments is ideally located within walking distance of Darby Street eateries, parks, the Civic Theatre, Newcastle Interchange, the Honeysuckle foreshore precinct, and various retail stores.

GWH was founded as GWH Build in 1995 by&nbsp;Grahame Chevalley and Hilton Grugeon AM.&nbsp;Since 2017 GWH has delivered over 600 new homes to the Newcastle region.

[smartcode_project_cta:default project_id=24247]

GWH Managing Director, Jonothan Craig, says ONE Apartments offer spacious open plan living at its finest

ONE Apartments to offer Newcastle's largest new apartments

Construction is underway on Newcastle's latest residential development, ONE Apartments.&nbsp;

Their inhouse construction team, GWH Build, is handling construction of the two-tower development of just under 200 one, two and three-bedroom apartments.

The demolition of the existing site concluded late last year, paving the way for structural piling and inground work, which commenced early this year.

ONE Apartments, designed by global architects Marchese Partners and local firm CKDS, will feature one of GWH's signature inclusions, two all-weather rooftop entertaining areas overlooking 360-degree views of Newcastle.&nbsp;

<img alt="ONE Apartments" data-entity-type="file" data-entity-uuid="c6395f94-2e44-49bd-9741-82bbc372a497" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-30%20at%208.25.38%20pm.png?VersionId=8mlhbF7BTeab36M2cY_VB8wzGkwvQqVq" />

Among the additional amenities are an outdoor heated pool, cinema, gymnasium, steam room, and several smaller private communal spaces available for bookings.

GWH officially launched ONE Apartments to the market in mid-June 2022.

The project attracted a strong interest from the outset, particularly among purchasers from other GWH developments. This has resulted in over one-third of Stage One being sold within the first eight weeks on the market.

"Currently, we're over 50 per cent sold in Stage One and all of our one-bedroom apartments are sold out which shows so much confidence in the market at the moment in Newcastle City, especially off-the-plan," said GWH/RE Licensee in Charge - Peter Kunov.

"Our enquiry rate every week seems to grow despite the current market and the confidence in the off-the-plan sales for both downsizers and investors and first home buyers is really strong."

<img alt="ONE Newcastle" data-entity-type="file" data-entity-uuid="a8ed6fa4-7fc9-44d2-a464-860c1ea6cd4c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-30%20at%208.25.24%20pm.png?VersionId=16XvQUSVLNNHTTbqneJOuEUyT6bGkoUY" />

ONE is located in the centre of Newcastle, just steps away from the Interchange, Marketown Shopping Centre and Newcastle’s famous walking tracks and trails.

The development is slated for completion in October 2025.

The project attracted a strong interest from the outset, particularly among purchasers from other GWH developments

Urban Editorial

Newcastle's One Apartments over 50% sold as construction continues

Developer GWH has successfully completed stage two of its sold out Newcastle apartment project, SKY Residences.

The nine-level tower, which sits alongside the 19-level stage one tower which was completed in late 2021, comprises 73 apartments.&nbsp;All 189 apartments in the project havec all sold out.

GWH Managing Director Jonathan Craig says the project represents a significant milestone for the local developers.

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&ldquo;It has been incredible to watch our plans for this site come to life over the last few years&rdquo;, Craig said.

&ldquo;SKY Residences is our largest residential project undertaken to date. To successfully deliver such an iconic new development to the Newcastle skyline truly is a phenomenal achievement and one we are all immensely proud of&rdquo;.

Construction of Sky Residences began in October 2019.

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SKY includes an array of resident-only facilities including a pool, gym and the rooftop SKY Lounge, which is an indoor and outdoor entertaining space, providing panoramic views over the CBD and beyond.

&ldquo;As Newcastle locals, we have a deep understanding of the lifestyle aspects Novocastrians desire to amplify the incredible living experience this city provides,&quot; Craig added.

&quot;The feedback from our stage one purchasers has been fantastic and I can&rsquo;t wait for stage two purchasers to experience all that this iconic, new destination has to offer.&quot;

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GWH has been a steadfast presence across the Hunter region for over 25 years, backed by a strong track record of delivering commercial, industrial and residential projects within the area, including current works such as Newcastle&rsquo;s, ONE Apartments and Charlestown&rsquo;s Macquarie Tower, both set to start&nbsp;construction&nbsp;by the end of the year.

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Consisting of 73 apartments, Sky Residences Stage Two sores nine-stories into the air, alongside the 19-storey, 66-metre Stage One tower, which was completed in late 2021.



alisonwarters@gmail.com

GWH complete stage two of Newcastle's SKY Residences apartment development

Although summer has passed by, Sydney&rsquo;s latest lockdown has reminded many Australians of the benefits that come with investing in a coastal holiday home.

SQM Research managing director Louis Christopher claimed that its likely regional occupancy has already reached its highpoint.

&ldquo;With the costs of renting a holiday home soaring thanks to huge local demand, combined with record-low interest rates, we&rsquo;re experiencing a unique situation where it may actually be more cost-effective to buy rather than regularly rent a holiday home&rdquo;, said David Hancock, senior financial planner at Montara Wealth.

To assist in your search, Urban takes a look at five stunning coastal properties to consider in regional NSW.

1. Horizon, Gosford 
Developer: JMGM 
Two-bedroom apartment prices available upon request

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Delivered by JMGM, Horizon comprises 184 architecturally-designed in one, two and three-bedroom configurations.

Set across 24 stories, the mixed-use development boasts spacious interiors and 2,500 sqm of retail space that forms a vibrant precinct in the heart of Gosford.

In the beautiful Gosford region of the NSW Central Coast, residents can enjoy magnificent national parks, sparkling waterways and golden sandy beaches.

2. Ridgewaters, Kiama 
Developer: St Trinity Property Group 
Three-bedroom apartments from $945,000

[smartcode_project:default project_id=27858 project_image_fid=162070]

Positioned amongst Kiama&rsquo;s serene landscape and only a short walk to pristine beaches, Ridgewaters is a selection of three-bedroom apartments.

This collection of luxury apartments presents an ideal home for a range of purchasers, from retirees and young families to investors and holidaymakers searching for a laid-back coastal lifestyle.

Located just 90 minutes south of Sydney and 30 minutes from Wollongong CBD, the boutique two-storey development promises convenience and local amenity.

3. Sky Residences, Newcastle 
Developer: GWH 
Two-bedroom apartments from $675,000

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Sky Residences is Newcastle&rsquo;s newest skyline tower in the heart of the CBD&rsquo;s Civic Cultural Precinct, connecting residents to everything they love.

Offering a choice of 180 apartments in one, two and three-bedroom configurations, Sky boasts light-filled living spaces, security swipe access and energy-efficient fittings.

&ldquo;We reserved the prime rooftop space, making it possible for every SKY resident to enjoy unprecedented 360-degree views and contemporary lifestyle amenities that enrich the way they live&rdquo;, GWH managing director Jonathan Craig said. 
 
4. Midtown, Wollongong 
Developer: Level 33 
Two-bedroom apartments from $575,000

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Midtown encompasses a collection of studios, one, two and three-bedroom apartments that capture the impressive views of the Illawarra Escarpment.

Delivered by Level 33, the home includes a ground-level retail podium that activates the building, a number of apartments that boast ocean views and a communal rooftop entertaining terrace.

The development is perfectly located for those who desire convenience and connection, and will benefit from the Wollongong Council&rsquo;s $800 million infrastructure investment 2018-2022.

5. Highpoint, Charlestown 
Developer: GWH 
Two-bedroom apartments from $640,000

[smartcode_project:default project_id=8980 project_image_fid=28277]

Developed and built by Hunter locals, GWH, Highpoint boasts premium finishes and fittings that are purposefully designed to reflect the needs of today&rsquo;s living.

The development is located in Charlestown, the shopping, dining and entertainment precinct of Lake Macquarie, ideal for young families and downsizers.

Exclusive to Highpoint residents is the terrace garden, entertainment and barbeque area on the level three podium, as well as a rooftop entertaining space.

Although summer has passed by, Sydney’s latest lockdown has reminded many Australians of the benefits that come with investing in a coastal holiday home

max.kwok_55688

Five coastal apartments to consider in NSW

The Newcastle developer GWH has seen a spike in sales of their Newcastle CBD development Sky Residences since the start of 2021.

GWH sales and marketing manager&nbsp;Matthew Waddell puts it down to an increase in investor activity in the region, which posted 3.6 per cent dwelling price growth&nbsp;in March, second only to Sydney in price growth of major regions across the country.

"For this current quarter (January to March), we have seen more sales than any period during the marketing of the project", Waddell says.

There's been a dramatic increase in enquiry from investors, more specifically from investors outside Newcastle, Waddell notes.&nbsp;

<a href="https://www.urban.com.au/new-apartments/sky-residences-509-hunter-street-newcastle"><img alt="" data-entity-type="" data-entity-uuid="" height="896" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sky_residence_2.jpg" width="1200" /></a>

Investors have accounted for 36 per cent of sales since the turn of the year at Sky Residences, just behind owner-occupiers who accounted for 38 per cent. And now over a third of those buying are coming from outside of Newcastle.

"Buyers are making their purchasing decision quicker as well, with a previous ratio of appointments to sales of 7:1 now shortening to 3:1", Waddell says.

[smartcode_project:default project_id=8430]

Set in the heart of the CBD's Civic precinct, Sky Residences,&nbsp;designed by DBI, homes 180 apartments, made up of one, two, three and four bedroom units.

There are 1,100 sqm of premium hotel-style amenities for residents, including a heated outdoor lap pool, gym and fitness centre and a rooftop sky lounge with 360-degree views across Newcastle. On the roof there's indoor and outdoor facilities, a landscaped lawn terrace, barbecues and dining spaces.

<a href="https://www.urban.com.au/new-apartments/sky-residences-509-hunter-street-newcastle"><img alt="" data-entity-type="" data-entity-uuid="" height="894" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sky_residence_3.jpg" width="1200" /></a>

Inside there's a lounge area with a fireplace and a cinema screen and bar.

Remaining one bedroom apartments start from $485,000, with the highest remaining three bedders on level 16 for sale at $1.6 million. The north-east facing penthouse sold for $3.3 million.

<h2>About the developer</h2>

GWH have been developing property in the Newcastle region&nbsp;for over 25 years, with over $1 billion of completed projects&nbsp;delivered.

Led by Jonathan Craig, GWH are behind Aero in Newcastle, which won the Master Builders Association award for&nbsp;Apartment Development of the Year in 2018, Highpoint in Charlestown and 121Elder in Lambton.

There's been a dramatic increase in enquiry from investors, more specifically from investors outside Newcastle.



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